Why are online casinos seeing great success?
This is a very common question asked these days, as we continue to see major growth for the online casino market, whereas the land-based casinos are seeing reduced numbers, and many are even closing in areas around the world. There is no doubting that COVID-19 has played a major role, with these land-based casinos having their doors kept shut, which is leading to major financial complications, whereas people are being told to stay indoors and turning to online entertainment. That is why the online casino market has seen a surge in the number of players across the last 12 months or so and there is no doubting it is expected to continue moving forward. Many different platforms have been seeing this success with thebestcasinos.co.uk being one example of this, with proving a list of the leading online casinos to choose from, it is little surprise.
The online casino market is on a very steep upward curve and this was already taking place, prior to the current pandemic. This alongside the overall gaming market, it is now one of the fastest growing industries in the world, with online entertainment now more important than ever. The global online gambling market size is now expected to grow greatly and is anticipated to reach 127.3 billion USD by 2027, whilst also registering a CAGR of around 11% from 2020 onto 2027. This is following some extensive research on the industry but further shows the success of the online gaming sector.
This growth is amazing but alongside this, many land-based establishments have been closing. There are many different factors behind this, with the ease of accessibility to online platforms certainly being one of the key factors. Another is through the game’s offerings, with online options now far surpassing what you can play within a land-based casino and this is only increasing. Next, we are also set to see the release of virtual reality casinos, which are also predicted to take the industry to new heights, offering an enhanced gaming experience. This could also yet play a major role on the increase in popularity around online options further, if they prove to be successful. Finally, another factor is through promotions and bonuses. Again, these have continued to increase over time and are now very lucrative for online players but you do not have these available in land based casinos unless you are a VIP player, which is why many continue to choose the online option.